Permanent Magnet Market

Permanent Magnet Market - Global Market Share, Trends, Analysis and Forecast 2023 – 2032
Frequently asked questions about this report

The global permanent magnet market is estimated to grow at over 6.3% CAGR between 2021 and 2031.

The global permanent magnet market size was estimated to be US$ 21.2 billion in 2020.

Daido Steel, Hitachi Metals Ltd, Magnequench International, LLc, TDK Corporation, Shin-Etsu Chemicals Co, Zhejiang Kaiven Magnet Co ltd, Tengam, Ak Steel Corporation, Ningbo Vastsky Magnet, Sin-Etsu Chemicals Co, Steward Advanced Materials LLC, Electron Energy Corporation, Toshiba Materials Co,ltd.

Automotive, Consumer Goods & Electronics, Industrial, Aerospace & Defense, Energy and Medical are among the prominent applications of permanent magnet.

North America is fastest growing region in this market.